Ex-HP CEO Called 'Dead Man Walking' Over Autonomy Deal
Law360, London (April 2, 2019, 7:59 PM BST) -- Hewlett Packard’s senior management was bitterly divided ahead of its planned acquisition of British software firm Autonomy, its former chief executive testified Tuesday, laying bare the “poisonous” atmosphere that existed among company bosses on the eve of the disastrous $11 billion takeover.
HP’s then-chief executive officer Leo Apotheker said he was furious with HP’s chief financial officer, Cathie Lesjak, for “blindsiding” him by opposing the deal at the last minute at a board meeting in 2011, shortly before the acquisition was announced.
Apotheker, giving evidence for a second day in the company’s $5 billion fraud suit against Autonomy founder Mike Lynch,...
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